GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Antero Resources Corporation

February 25, 2014 | About:

Valero Energy Partners LP (VLP), a master limited partnership formed by parent company Valero, made its successful debut through an IPO in December.We view Valero's strategy of monetizing its midstream assets through a growth MLP as sound and believe VLP was set up as an entity that can rapidly grow cash flows and distribution for an extended time in multiple ways.We expect to see Valero sell mature assets to VLP, and develop new assets to sell to VLP over time. We also expect to see organic growth investment within VLP.

From Ron Baron (Trades, Portfolio)'s Baron Funds fourth quarter 2013 commentary.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide